MEUBILO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MEUBILO
Largest movements
- Cash +€35,065
up €35,065 (+61.5%), from €57,042 to €92,107
mainly Net result for the year (+€18,841) and Trade debts (+€18,661)
- Tangible fixed assets +€7,387
up €7,387 (+33.4%), from €22,113 to €29,500
of which Plant, machinery and equipment: +€6,764
- Receivables within one year -€3,703
down €3,703 (-5.8%), from €63,903 to €60,200
of which Other amounts receivable: -€3,091
- Trade debts +€18,661
up €18,661 (+8,598%), from €217 to €18,878
- Reserves +€18,500
up €18,500 (+15.6%), from €118,485 to €136,985
of which Distributable reserves: +€20,360
- Other debts -€4,115
down €4,115 (-100%), from €4,115 to €0
- Advances received +€3,900
new in 2025: €3,900
- Tax, wage and social debts +€2,063
up €2,063 (+18.2%), from €11,310 to €13,373
of which Remuneration and social security: +€1,295
- Other operating charges -€10,181
down €10,181 (-91.1%), from €11,176 to €995
- Gross operating margin +€9,293
up €9,293 (+14.9%), from €62,542 to €71,836
- Depreciation +€7,694
up €7,694 (+160%), from €4,800 to €12,494
- Taxes +€3,857
up €3,857 (+120%), from €3,202 to €7,059
- Financial charges -€1,926
down €1,926 (-88.1%), from €2,186 to €259
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,640 | €193,989 | +€39,349 | +25.4% |
| Fixed assets | 21/28 | €22,113 | €29,500 | +€7,387 | +33.4% |
| Tangible fixed assets | 22/27 | €22,113 | €29,500 | +€7,387 | +33.4% |
| Plant, machinery and equipment | 23 | €16,735 | €23,499 | +€6,764 | +40.4% |
| Furniture and vehicles | 24 | €5,378 | €6,000 | +€623 | +11.6% |
| Current assets | 29/58 | €132,527 | €164,490 | +€31,962 | +24.1% |
| Stocks and contracts in progress | 3 | €8,600 | €9,002 | +€402 | +4.7% |
| Stocks | 30/36 | €8,600 | €9,002 | +€402 | +4.7% |
| Amounts receivable within one year | 40/41 | €63,903 | €60,200 | -€3,703 | -5.8% |
| Trade receivables | 40 | €57,338 | €56,726 | -€612 | -1.1% |
| Other amounts receivable | 41 | €6,564 | €3,473 | -€3,091 | -47.1% |
| Cash at bank and in hand | 54/58 | €57,042 | €92,107 | +€35,065 | +61.5% |
| Deferred charges and accrued income | 490/1 | €2,983 | €3,181 | +€199 | +6.7% |
| Total equity and liabilities | 10/49 | €154,640 | €193,989 | +€39,349 | +25.4% |
| Equity | 10/15 | €138,998 | €157,839 | +€18,841 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,485 | €136,985 | +€18,500 | +15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €116,625 | €136,985 | +€20,360 | +17.5% |
| Profit (loss) carried forward | 14 | €1,912 | €2,253 | +€341 | +17.8% |
| Amounts payable | 17/49 | €15,643 | €36,150 | +€20,508 | +131% |
| Amounts payable within one year | 42/48 | €15,643 | €36,150 | +€20,508 | +131% |
| Trade debts | 44 | €217 | €18,878 | +€18,661 | +8,598% |
| Suppliers | 440/4 | €217 | €18,878 | +€18,661 | +8,598% |
| Advances received on contracts in progress | 46 | - | €3,900 | +€3,900 | |
| Taxes, remuneration and social security | 45 | €11,310 | €13,373 | +€2,063 | +18.2% |
| Taxes | 450/3 | €5,069 | €5,836 | +€767 | +15.1% |
| Remuneration and social security | 454/9 | €6,241 | €7,537 | +€1,295 | +20.8% |
| Other amounts payable | 47/48 | €4,115 | €0 | -€4,115 | -100% |
| Remuneration, social security and pensions | 62 | €33,403 | €33,201 | -€202 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,800 | €12,494 | +€7,694 | +160% |
| Other operating charges | 640/8 | €11,176 | €995 | -€10,181 | -91.1% |
| Gross operating margin | 9900 | €62,542 | €71,836 | +€9,293 | +14.9% |
| Operating profit (loss) | 9901 | €13,163 | €25,146 | +€11,983 | +91.0% |
| Financial income | 75/76B | €242 | €1,014 | +€772 | +320% |
| Recurring financial income | 75 | €242 | €1,014 | +€772 | +320% |
| Financial charges | 65/66B | €2,186 | €259 | -€1,926 | -88.1% |
| Recurring financial charges | 65 | €2,186 | €259 | -€1,926 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €11,219 | €25,900 | +€14,681 | +131% |
| Income taxes | 67/77 | €3,202 | €7,059 | +€3,857 | +120% |
| Profit (loss) for the period | 9904 | €8,017 | €18,841 | +€10,824 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €8,017 | €18,841 | +€10,824 | +135% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.